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JPMorgan Expands Crypto Offerings, ETF Loans

JPMorgan Expands Crypto Offerings, ETF Loans

Source: theblock.co6/4/2025

JPMorgan & Chase is set to broaden its cryptocurrency offerings targeting trading and wealth-management clients, spurred by a more favorable U.S. regulatory approach to digital assets. According to Bloomberg, the bank will soon allow clients to use crypto assets as collateral for loans linked to certain cryptocurrency ETFs like BlackRock's iShares Bitcoin Trust (IBIT). Previously, this was possible only on a selective basis. Additionally, clients' crypto holdings will be considered when assessing their net worth and liquid assets for borrowing. This expansion aligns with other crypto-centric services that JPMorgan aims to introduce this year. Despite past criticism from CEO Jamie Dimon, the bank will now facilitate bitcoin purchases, albeit without asset custody services. Moreover, JPMorgan supports other businesses venturing into the crypto arena. For instance, stablecoin issuer Circle chose JPMorgan to facilitate its IPO, reflecting the firm's growing influence in crypto markets. BlackRock's IBIT, boasting $69 billion in assets, dominates the spot bitcoin ETF market with a 78% share. Since its approval in January 2024, it has become a key player. The Block remains an impartial news source covering the crypto industry, backed by Foresight Ventures, a significant investor in various crypto ventures. As of 2023, Bitget acts as a primary LP for Foresight Ventures.

FAQ

  • What new crypto services is JPMorgan offering?

    JPMorgan will let clients use cryptocurrency as loan collateral and factor crypto into total net worth assessments for loans.

  • What is BlackRock's iShares Bitcoin Trust?

    It's a major spot bitcoin ETF with $69 billion in assets and 78% market share.